In most states, you pay taxes only on the actual lease payments, so leasing can put you even further ahead (see number 3 below). Plus, you typically don't have to bring cash to the table for a lease.
Q&A. The differences between an unadjusted trial balance and an adjusted trial balance are the amounts recorded as part of the adjusting entries. Adjusting entries include the accrual of revenues that were earned but were not yet recorded, and the accrual of expenses that were incurred but were not yet recorded.
Validate the Trial Balance Accuracy. The first step to creating an adjusted trial balance is verifying that the unadjusted balance is accurate. The debit and credit sides of the ledger must match, or there is an error in the ledger. Review the balances of each ledger account for accuracy. In most cases, an inaccurate balance may be easily recognizable.